Camp: Tax reform a 'long journey'

Prominent members of both parties have called for looking at tax-code changes, but it remains to be seen how much of that talk will turn into action. The Wall Street Journal reported this week that, while both parties appear to agree that the corporate tax code needs to be revamped, Republicans might balk at a reform plan that significantly increases the amount of tax revenue the government collects.

For his part, Camp noted on PBS that President Obama and Sen. Max Baucus, the Finance Committee chairman, had spoken positively about reform, and told CNBC that the president’s choice of William Daley as White House chief of staff “certainly has some potential to help the cause for tax reform.”

“He’s got a pretty strong business record for a Democrat, and he was very strong on trade issues when he was secretary of Commerce,” Camp added.